A solar-powered internet service company that was founded in Nigeria has stated that it will expand its operations there, in Ghana, and in neighbouring countries including Cote d’Ivoire and Togo. In addition, the company is considering listing its Nigerian affiliate.
There are more than 2.8 million users of the company’s platform, over $26.3 million in revenue has been made over the last 10 years, and there are no outstanding debts.It is considering whether or not to make an initial public offering for shareholders and investors on the stock market, while also focusing on expanding its influence throughout West African nations that speak both French and English. Kendall Ananya, founder and CEO of Tizeti, highlighted that the broadband gap in Africa is still very significant and that operators like Tizeti need to expand to ensure that more people in Africa have access to reliable and affordable internet. Ananya was speaking at the annual event hosted by Tizeti and dubbed “NeXTGEN 2.0,” which was in its second year, The Next Frontier.
He said that Tizeti has been using solar-powered towers to provide cheap, unlimited internet connection to Ghana and Nigeria. Customers have been able to save between 30 and 50% on the cost of their data cap plans because of the distinctive features of the company’s solar-powered internet, giving the brand an edge over its competitors. This growth is very strategically important for both our business and the region as a whole. Over the past few years, we have grown significantly, making a profit in three of the last four years, and just this year paid out our first dividend.
With one tower added every month since we began, we presently have more than 3,884 hotspots. In Nigeria, we have 2.8 million users, according to Ananya. Ifeanyi Okonkwo, co-founder and co-CEO of Tizeti, spoke about the Francophone expansion and the lack of infrastructure in the middle mile and the last mile that moves capacity to the locations where it is needed. He emphasised the increasing investments in submarine cable infrastructure in Africa to date.
By employing its recently built infrastructure, which is being deployed throughout West Africa, Tizeti hopes to close the digital divide and connect more people in Africa to the internet. Africa has the largest potential to generate a demand for an expansion in broadband availability, their relative contributions to GDP, the frequency of higher & tertiary institutions, and other features that contribute to the pool, in our opinion, because of the size of their populations.
